The American Bankruptcy Institute reported U.S. filings for November decreased 16 percent year-over-year; a pace that maintains the projection of the lowest annual total in seven years. According to data provided by Epiq Systems, November bankruptcy filings totaled 62,403, down ... [Read More]

Reynolds and Reynolds and RouteOne reached a new agreement on Monday to integrate RouteOne’s eContracting system with Reynolds’ docuPAD software, which can provide dealerships with the capability to capture electronic signatures for vehicle financing eContracts directly from docuPAD workstations and ... [Read More]

On Monday, Auto/Mate Dealership Systems rolled out the addition of rates, residuals and rebates information to its Automotive Management Productivity Suite (AMPS) Desk/Mate module. Officials highlighted dealerships that use Auto/Mate's desking solution now have access to real-time lease rates, residuals, ... [Read More]

For more than a year, the Consumer Financial Protection Bureau, an unelected government agency tasked with regulating the consumer finance market, has doggedly pursued what it views as “disparities” in auto lending. On this issue, you have to respect their ... [Read More]

Reynolds and Reynolds announced this week that Reynolds Document Services has partnered with the Chicago Automobile Trade Association (CATA) to launch the Reynolds LAW Illinois F&I Library, a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents that ... [Read More]

Much of the business at Matthews Motors in Clayton, N.C., is from customers in subprime credit tiers. Fulfilling the needs of this segment is something of which store owner Steve Matthews understands the importance and opportunity. “There will always be ... [Read More]

The American Financial Services Association recently sent a letter to the Federal Communications Commission, again stressing what officials called the need for more sensible rules implementing the Telephone Consumer Protection Act (TCPA). AFSA insisted that penalties of up to $1,500 ... [Read More]

First, the Consumer Financial Protection Bureau and the U.S. Department of Justice delivered notices to Toyota Motor Credit Corp., alleging discriminatory practices regarding vehicle financing. Now, American Honda Finance revealed it also received the same allegations from these federal regulators. ... [Read More]

Black Book vice president of data licensing Jared Kalfus described the industry “crossroads” finance company executives are assessing based on his first-hand conversations at last month’s Used Car Week in Las Vegas. What has finance company leadership pondering which way ... [Read More]

Toyota Motor Credit Corp. acknowledged in documents filed with the Securities and Exchange Commission this past Friday that the Consumer Financial Protection Bureau and the U.S. Department of Justice sent a letter to the captive finance company alleging discriminatory practices regarding ... [Read More]